If you wanted to find the standard deviation of the same dataset, you would take the square root of the variance: Standard deviation = √0.0325 = 0.180 = 18% What Are the Steps to Calculate Variance?

Standard deviation is a statistic measuring the dispersion of a dataset relative to its mean. It is calculated as the square root of the variance. Learn how it's used.

When you have the average production of three machines, it is easy to calculate the average or mean production. You just add ...

Standard deviation and variance are two basic mathematical concepts that have an important place in various parts of the financial sector, from accounting to economics to investing. Both measure ...

Learn the standard deviation formula, how to calculate it, and its importance in data analysis. Step-by-step guide with examples.

How to Interpret Standard Deviation. In the example above for Apple, the data show that the average return for the three-month period was 0.08 percent.

Finally, calculate the standard deviation by finding the square root of the variance, which is 5.6 or 6. How Is This Useful? Knowing the standard deviation can help you determine which option is ...